Forafric Global Correlations

AFRI Stock

USD 10.35 0.17 1.67%

The correlation of Forafric Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Forafric Global Correlation With Market

Very weak diversification

The correlation between Forafric Global PLC and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Forafric Global PLC and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Forafric Global PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Forafric Stock

0.86	CAG	ConAgra Foods	Pair Corr
0.81	CPB	Campbell Soup	Pair Corr
0.72	FLO	Flowers Foods	Pair Corr
0.81	GIS	General Mills	Pair Corr
0.62	HRL	Hormel Foods Earnings Call This Week	Pair Corr
0.78	RGF	Real Good Food	Pair Corr
0.63	SJM	JM Smucker	Pair Corr
0.76	THS	Treehouse Foods	Pair Corr
0.65	JBSS	John B Sanfilippo	Pair Corr
0.87	NOMD	Nomad Foods	Pair Corr
0.77	POST	Post Holdings	Pair Corr
0.8	BG	Bunge Limited	Pair Corr
0.81	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr
0.66	EL	Estee Lauder Companies	Pair Corr
0.72	GV	Visionary Education	Pair Corr
0.81	KO	Coca Cola Aggressive Push	Pair Corr

Moving against Forafric Stock

0.74	TPB	Turning Point Brands	Pair Corr
0.69	PPC	Pilgrims Pride Corp	Pair Corr
0.69	BJ	BJs Wholesale Club	Pair Corr
0.63	SENEA	Seneca Foods Corp	Pair Corr
0.62	PM	Philip Morris Intern	Pair Corr
0.53	K	Kellanova	Pair Corr
0.51	SMPL	Simply Good Foods Sell-off Trend	Pair Corr
0.47	INGR	Ingredion Incorporated	Pair Corr
0.34	LANC	Lancaster Colony	Pair Corr
0.33	FTFT	Future Fintech Group	Pair Corr
0.86	LW	Lamb Weston Holdings	Pair Corr
0.61	KR	Kroger Company Earnings Call This Week	Pair Corr
0.61	EEIQ	Elite Education Group	Pair Corr
0.56	JZ	Jianzhi Education	Pair Corr
0.46	VINE	Fresh Grapes LLC	Pair Corr
0.36	MO	Altria Group	Pair Corr

Related Correlations Analysis

	FDP	ALCO	SANW	AGRO	LND	LMNR	DOLE	CALM	AGRI	ADM
FDP		-0.51	-0.57	0.24	-0.56	0.4	-0.14	0.6	-0.71	-0.82	FDP
ALCO	-0.51		0.77	-0.34	0.78	-0.39	0.33	-0.83	0.4	0.8	ALCO
SANW	-0.57	0.77		-0.58	0.76	-0.6	-0.03	-0.76	0.46	0.8	SANW
AGRO	0.24	-0.34	-0.58		-0.24	0.59	0.32	0.27	-0.44	-0.29	AGRO
LND	-0.56	0.78	0.76	-0.24		-0.52	0.12	-0.89	0.38	0.78	LND
LMNR	0.4	-0.39	-0.6	0.59	-0.52		0.42	0.62	-0.53	-0.46	LMNR
DOLE	-0.14	0.33	-0.03	0.32	0.12	0.42		-0.17	0.06	0.22	DOLE
CALM	0.6	-0.83	-0.76	0.27	-0.89	0.62	-0.17		-0.46	-0.82	CALM
AGRI	-0.71	0.4	0.46	-0.44	0.38	-0.53	0.06	-0.46		0.56	AGRI
ADM	-0.82	0.8	0.8	-0.29	0.78	-0.46	0.22	-0.82	0.56		ADM
	FDP	ALCO	SANW	AGRO	LND	LMNR	DOLE	CALM	AGRI	ADM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ADM	+ 0.8	ALCO
ADM	+ 0.8	SANW
LND	+ 0.78	ALCO
ADM	+ 0.78	LND
SANW	+ 0.77	ALCO
LND	+ 0.76	SANW

High negative correlations

CALM	- 0.89	LND
CALM	- 0.83	ALCO
ADM	- 0.82	CALM
ADM	- 0.82	FDP
CALM	- 0.76	SANW
AGRI	- 0.71	FDP

Risk-Adjusted Indicators

There is a big difference between Forafric Stock performing well and Forafric Global Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Forafric Global's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FDP	1.11	0.30	0.18	2.80	0.92	(1.36)	2.30	(1.99)	12.38
ALCO	1.61	(0.22)	0.00	(0.30)	0.00	0.00	3.90	(3.23)	13.25
SANW	6.19	0.21	0.03	0.30	6.45	(8.18)	13.03	(10.31)	35.84
AGRO	1.25	0.05	(0.02)	0.52	1.59	(1.37)	2.04	(3.11)	8.94
LND	1.18	(0.15)	0.00	(0.31)	0.00	0.00	2.19	(2.15)	6.34
LMNR	1.73	0.31	0.13	1.03	1.61	(2.00)	5.63	(3.01)	11.73
DOLE	1.29	(0.05)	0.00	(0.19)	0.00	0.00	2.45	(2.60)	15.22
CALM	1.25	0.41	0.26	0.89	0.83	(1.41)	3.33	(1.86)	9.06
AGRI	4.21	(0.60)	0.00	(0.99)	0.00	0.00	9.04	(9.75)	37.62
ADM	1.08	(0.21)	0.00	(0.25)	0.00	0.00	2.10	(2.23)	9.15

Forafric Global Corporate Management

Mustapha Ghazali	Chief Officer	Profile
Julien Benitah	CFO Director	Profile
Mustapha Jamaleddine	Chief Officer	Profile
Ouri Marciano	Head Development	Profile

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